CapMan press release 21 December 2011 1:30 p.m. EET
CapMan sold an office property in Helsinki
The CapMan Real Estate I fund has sold an office property at Lönnrotinkatu 20 in Helsinki to a fund managed by Catella Real Estate AG Kapitalanlagegesellschaft. The sale will not impact CapMan Plc’s result, as the fund is not generating carried interest.
The commercial property Lönnrotinkatu 20 located in the Kamppi district of Helsinki was built in 1972. The property has a leasable area of ca. 4,650 m² and is currently fully let.
CapMan manages four real estate funds: the CapMan Real Estate I fund, which has invested in commercial properties in Greater Helsinki, the CapMan RE II fund, which has invested in commercial and development projects around Finland, the CapMan Hotels RE fund, which has invested in hotel properties, primarily in Finland and CapMan’s first project-specific hotel property fund, CapMan Yrjönkatu 17 Ky, which owns a hotel in central Helsinki.
CapMan is one of the leading private equity firms in the Nordic countries and Russia, with assets under management of 3.3 billion. CapMan has four key investment partnerships – CapMan Buyout, CapMan Russia, CapMan Public Market, and CapMan Real Estate – each of which has its own dedicated investment team and funds. Altogether, CapMan employs 130 people in Helsinki, Stockholm, Oslo, Moscow, Copenhagen and Luxembourg. CapMan was established in 1989 and has been listed on the Helsinki Stock Exchange since 2001.